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Nonprofiteer
← EAST CAROLINA UNIVERSITY REAL ESTATE FOUNDATION INC

Form 990 for tax year 2022

Filed by EAST CAROLINA UNIVERSITY REAL ESTATE FOUNDATION INC.

Totals

Total revenue
$748,993
Total expenses
$7,900
Contributions and grants received
$591,991
Grants paid
$0
Program service revenue
$0
Investment income
$2,241
Other revenue
$154,761
Total assets, end of year
$5,380,429
Total liabilities, end of year
$1,646,217
Net assets or fund balances, end of year
$3,734,212
Program services expenses (Part IX)
$3,850
Management and general expenses
$4,050
Fundraising expenses
$0
Program service expenses (Part III)
$3,850

Program services were 48.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $591,991

  • 1g · Noncash contributions included above

    $591,991

  • 3 · Investment income

    total $2,241 · excluded $2,241

  • 6a · Gross rents

    real property $419,064

  • 6b · Less rental expenses

    real property $271,987

  • 6c · Rental income or loss

    real property $147,077

  • 6d · Net rental income or loss

    total $147,077 · excluded $147,077

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $7,684 · excluded $7,684

  • 11e · Other revenue, total

    $7,684

Functional expenses

Part IX, the statement of functional expenses.

  • 23 · Insurance

    total $4,050 · management and general $4,050

  • 24a · Other expenses: BANK FEES

    total $3,850 · program services $3,850

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250,000 · end of year $252,241

  • 4 · Accounts receivable

    beginning of year $661,327 · end of year $678,950

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,539 · end of year $7,268

  • 10a · Land, buildings and equipment: cost or other basis

    $4,131,866

  • 10b · Land, buildings and equipment: accumulated depreciation

    $966,425

  • 10c · Land, buildings and equipment, net

    beginning of year $3,491,474 · end of year $3,165,441

  • 15 · Other assets

    beginning of year $1,257,250 · end of year $1,276,529

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,222 · end of year $3,167

  • 23 · Secured mortgages and notes payable

    beginning of year $1,425,992 · end of year $1,232,958

  • 25 · Other liabilities

    beginning of year $752,123 · end of year $410,092

  • 27 · Net assets without donor restrictions

    beginning of year $2,346,255 · end of year $2,627,348

  • 28 · Net assets with donor restrictions

    beginning of year $1,135,998 · end of year $1,106,864

Mission and programs · 2022

Mission

THE MISSION OF THE EAST CAROLINA UNIVERSITY REAL ESTATE FOUNDATION IS TO OWN, MANAGE, LEASE, AND SELL REAL ESTATE PROPERTY EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF EAST CAROLINA UNIVERSITY AND EAST CAROLINA UNIVERSITY FOUNDATION, INC.

  • THE ECU REAL ESTATE FOUNDATION OWNS, MANAGES, LEASES, AND SELLS REAL ESTATE PROPERTY EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES FOR THE BENEFIT OF EAST CAROLINA UNIVERSITY AND EAST CAROLINA UNIVERSITY FOUNDATION, INC.

    Expenses $3,850

As filed on the 2022 return.

Listed in Part VII

  • Christopher Dyba

    PRESIDENT

    Total calculated
    $409,604
    From this org
    $0
    From related orgs
    $318,146
    Other
    $91,458
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $306,975 related
    Bonus
    $0
    Other
    $0 + $11,171 related
    Deferred
    $0 + $74,105 related
    Nontaxable benefits
    $0 + $17,353 related
    Filer's total
    $0 + $409,604 related

  • Stephanie Coleman

    TREASURER

    Total calculated
    $370,826
    From this org
    $0
    From related orgs
    $286,332
    Other
    $84,494
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $285,612 related
    Bonus
    $0
    Other
    $0 + $720 related
    Deferred
    $0 + $70,851 related
    Nontaxable benefits
    $0 + $13,643 related
    Filer's total
    $0 + $370,826 related

  • Steve R Jones

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Scott Diggs

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Julian W Rawl

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Philip Rogers

    DIRECTOR

    Total calculated
    $672,346
    From this org
    $0
    From related orgs
    $424,120
    Other
    $248,226
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $410,987 related
    Bonus
    $0
    Other
    $0 + $13,133 related
    Deferred
    $0 + $40,081 related
    Nontaxable benefits
    $0 + $208,145 related
    Filer's total
    $0 + $672,346 related

  • Burney S Warren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew H Slate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kara B Blount

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

COMPENSATION FROM RELATED ORGANIZATIONS
EAST CAROLINA UNIVERSITY PROVIDES COMPENSATION FOR ITS EMPLOYEES WHO SERVE THE EAST CAROLINA UNIVERSITY REAL ESTATE FOUNDATION, INC. THE UNIVERSITY'S HUMAN RESOURCES DEPARTMENT MANAGES THE COMPENSATION DETERMINATION PROCESS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER UNITRUST

    T · TRUST · NC

    Directly controlled by ECU REAL ESTATE FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202401319349300800

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